This report shows public data only. Is this your organisation? If so, login here to view your full report.

Norwegian Government Pension Fund Norway (Norwegian Ministry of Finance and Folketrygdfondet)

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (C) Implementation: Integration of ESG factors

C) 実施: 統合

LEI 08. Review ESG issues while researching companies/sectors

08.1. E・S・Gの各要因が投資分析の一環として体系的に調査されている、アクティブ運用の上場株式ポートフォリオの割合を記載してください。








08.2. 補足情報 [任意]

Folketrygdfondet includes all material ESG issues in its investment analysis of specific securities. Although the type of ESG issue that may be material will vary by company, sector, geography, etc., identifying these issues is a core part of Folketrygdfondet's investment philosophy. See Folketrygdfondet's ownership report for more information on how we assess companies:


LEI 09. Processes to ensure integration is based on robust analysis

09.1. ESG統合が徹底した分析に基づいていることを確実にするために、組織が使用しているプロセスを記載してください。

          Dedicated ESG resource expected to understand Folketrygdfondet's investment philosophy and contribute with material ESG information relevant to portfolio strategy and positioning

09.2. 組織の統合戦略の一環で包括的ESG調査の対象になるアクティブ運用上場株式の割合を記載してください。

09.5. ポートフォリオ・マネージャーがどのようにしてESG情報を保有し、使っているのか説明してください。

09.6. 補足情報 [任意]

Folketrygdfondet has a team-based approach to active management. We prioritize collaboration and information sharing when compiling our equity and fixed income portfolios. We hold weekly meetings at which the equity team, including the dedicated ESG resource, coordinates our investment decisions. We also hold daily meetings at which the equity, fixed income, and treasury departments exchange information. This includes in-depth reviews of macroeconomic data, trends, sectors, and companies, as well as ESG issues. We use the insights from these meetings in our analysis of the quantitative and qualitative characteristics of portfolios and companies.  In our active management, we select both investment targets and over- and under-weight companies compared to the benchmark index. Our investment decisions reflect financial analysis, ongoing contact with relevant companies and ESG analyses. 

LEI 10. Aspects of analysis ESG information is integrated into


10.1. 投資分析のどの側面にESG情報を統合しているかを記載してください。






10.2. ESG情報を適正価値/ファンダメンタル分析および/またはポートフォリオの構築へと統合するプロセスについて、組織でのプロセスの一部となっている手法を選択してください。

10.4. 利益予想/バリュエーションツールの修正に使用した手法を説明してください。

Folketrygdfondet integrates all material ESG information into its forecasts/valuations. This could include, for example, the impact of new regulation on demand for sustainable products.

10.6. 補足情報 [任意]